During the course of accounting equation, debit means
(a) Increase in asset
(b) Increase in liabilities
(c) Decrease in asset
(d) All of these
Answers
Answered by
3
Explanation:
The meaning of debit and credit will change depending on the account type. Debit simply means left side; credit means right side. Remember the accounting equation? ASSETS = LIABILITIES + EQUITY The accounting equation must always be in balance and the rules of debit and credit enforce this balance
Answered by
2
Answer:
a - increase in asset
Explanation:
because of the real nature
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